Brief: Pepco Group Launches Buyback Of Up To EUR 50 Mln

Pepco

10/07/2025 08:26

July 10 (Reuters) - Pepco Group NV PCOP.WA:

Q3 REVENUES OF EUR 1.1 BILLION WITH CONSTANT CURRENCY REVENUE GROWTH OF 7.7% VERSUS LAST YEAR

LIKE-FOR-LIKE (LFL) REVENUES GREW BY +2.6% IN THE THIRD QUARTER, WITH GROWTH ACROSS BOTH  PEPCO AND DEALZ BRANDS

GROSS MARGIN IMPROVED BY 180 BASIS POINTS YEAR-ON-YEAR IN Q3 FY25, WITH CONTINUED STRONG PROGRESS IN PEPCO

NET NEW OPENINGS OF 45 PEPCO AND DEALZ STORES IN Q3 FY25

DEALZ REPORTED LFL SALES UP BY +5.8%, WITH POSITIVE DEMAND IN FOOD AND GM

BOARD ANNOUNCES TODAY IT WILL COMMENCE EXECUTION OF AN INITIAL SHARE BUYBACK OF UP TO EUR 50 MILLION

THE FIRST TRANCHE OF BUYBACK INTENDED TO COMMENCE ON OR AROUND 17 JULY

THE GROUP CONTINUES TO EXPECT TO OPEN ABOUT 250 NET NEW STORES ACROSS FY25

THE PURPOSE OF THE SHARE BUYBACK: CAPITAL REDUCTION AND TO MEET OBLIGATIONS UNDER EQUITY INCENTIVE PLANS

PEPCO GROUP IS AUTHORISED TO REPURCHASE UP TO A MAXIMUM OF 57,745,193 ORDINARY SHARES UNDER THE CURRENT AGM AUTHORISATION

THE MAXIMUM PRICE, EXCLUDING EXPENSES, WHICH THE COMPANY MAY PAY FOR EACH SHARE TO BE ACQUIRED, WILL BE AN AMOUNT EQUAL TO 110% OF THE MARKET PRICE OF THE ORDINARY SHARES

Source text: nEMpknRfa

Further company coverage: PCOP.WA

 (Reporting by Gdańsk Newsroom)

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